Top crypto investors are buying large amounts of this cryptocurrency on Binance
According to Lookonchain, a blockchain analytics company, large investors, including institutional ones, are accumulating large amounts of altcoins on a decentralized exchange (DEX).
New wallets accumulate GMX (GMX) , a DEX token that runs on the blockchain Arbitrum (ARB) и Avalanches (AVAX) , providing spot and leveraged trading services, Lookonchain claims.
These subjects together acquired more than $15 million worth of GMX from Binance, analysis shows.
"Over the past 7 denas, its price has risen by about 6% as whales and institutions buy GMX”, explain the company.
READ MORE:
AI XRP Price Prediction - What's the Next Big Target?At the time of writing, GMX is now trading at $37.63, down 3.60% in the last 24 hours.
Lookonchain has also discovered another major holder who adjectives by Kraken meme the cryptocurrency Pepe (PEPE) .
The whale in question netted 231,6 billion PEPE ($2.9 million), the exchange confirmed.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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